| Announcement Date: | 2021-11-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Gungnir Resources Inc. |
| Project name: | Lappvattnet |
| Location: | Sweden |
| Commodities: | PGM,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 21.0m @ 1.14% Ni, 0.2% Cu, 0.02% Co, 0.17g/t PGM from 19.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Surrey, BC – November 22, 2021 – Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) is very pleased to report further drill results at the Company’s Lappvattnet nickel deposit in Sweden. Today’s results are from drill hole LAP21-13 which cut nickel mineralization starting in the first box of drill core. The Company has now received assay results from thirteen of fifteen drill holes completed. Drill hole LAP21-13 was drilled on Section 7.5E up-dip of hole LAP21-12 which cut 33 metres grading 0.93% Ni in mineralized peridotite (see news release dated November 15, 2021). Section 7.5E is an undrilled profile, 20 metres west of Section 8E which included Gungnir’s drill results of 1.09% Ni over 21.65 metres including 3.19% Ni over 4.25 metres in hole LAP21-02. After 18.4 metres of overburden, hole LAP21-13 cored into 20 metres of mineralized peridotite (disseminated, blebby and net-textured sulphides) starting in the first box of drill core. Individual one-metre assays ranged from 0.77 to 3.13% Ni. Hole LAP21-13 was drilled 77.3 metres at a dip of -45 degrees at an azimuth of 340 degrees at location 1,741,495mE and 7,165,151mN. Co-ordinates above are in Swedish co-ordinate system RT90-2.5. |
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